Motorola Solutions, Inc. $MSI Shares Sold by Summit Global Investments

Summit Global Investments trimmed its holdings in Motorola Solutions, Inc. (NYSE:MSI) by 84.1% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,194 shares of the communications equipment provider’s stock after selling 6,301 shares during the period. Summit Global Investments’ holdings in Motorola Solutions were worth $546,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in MSI. Orion Capital Management LLC purchased a new stake in shares of Motorola Solutions in the third quarter valued at $25,000. Halbert Hargrove Global Advisors LLC purchased a new position in Motorola Solutions in the 3rd quarter valued at about $33,000. Whipplewood Advisors LLC boosted its stake in shares of Motorola Solutions by 289.5% during the 2nd quarter. Whipplewood Advisors LLC now owns 74 shares of the communications equipment provider’s stock worth $31,000 after purchasing an additional 55 shares during the last quarter. Field & Main Bank purchased a new stake in shares of Motorola Solutions during the third quarter worth about $35,000. Finally, Salomon & Ludwin LLC acquired a new position in shares of Motorola Solutions in the third quarter valued at approximately $38,000. Institutional investors and hedge funds own 84.17% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the company. Weiss Ratings upgraded Motorola Solutions from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Tuesday. Barclays lowered their target price on shares of Motorola Solutions from $509.00 to $495.00 and set an “overweight” rating for the company in a report on Friday, October 31st. Northcoast Research raised shares of Motorola Solutions from a “neutral” rating to a “buy” rating and set a $450.00 price target on the stock in a research note on Monday, December 1st. Finally, Piper Sandler upgraded Motorola Solutions from a “neutral” rating to an “overweight” rating and dropped their price objective for the stock from $465.00 to $443.00 in a report on Monday, January 5th. Eight equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $491.86.

Motorola Solutions Price Performance

Shares of NYSE:MSI opened at $402.58 on Friday. The company has a market cap of $67.05 billion, a PE ratio of 32.31, a P/E/G ratio of 3.01 and a beta of 1.00. Motorola Solutions, Inc. has a fifty-two week low of $359.36 and a fifty-two week high of $492.22. The firm has a 50-day simple moving average of $381.46 and a 200 day simple moving average of $421.18. The company has a quick ratio of 0.86, a current ratio of 1.03 and a debt-to-equity ratio of 3.59.

Motorola Solutions (NYSE:MSI) last issued its quarterly earnings data on Friday, October 31st. The communications equipment provider reported $4.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.85 by $0.21. Motorola Solutions had a return on equity of 118.48% and a net margin of 18.71%.The business had revenue of $3.01 billion during the quarter, compared to the consensus estimate of $2.99 billion. During the same period in the previous year, the firm posted $3.74 earnings per share. The business’s revenue was up 7.8% on a year-over-year basis. On average, sell-side analysts anticipate that Motorola Solutions, Inc. will post 13.55 EPS for the current year.

Motorola Solutions Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, January 15th. Stockholders of record on Monday, December 15th were paid a $1.21 dividend. The ex-dividend date of this dividend was Monday, December 15th. This represents a $4.84 annualized dividend and a dividend yield of 1.2%. This is an increase from Motorola Solutions’s previous quarterly dividend of $0.01. Motorola Solutions’s dividend payout ratio is presently 38.84%.

Motorola Solutions Profile

Motorola Solutions, Inc is a provider of mission-critical communications and analytics solutions for public safety and commercial customers. The company designs, manufactures and supports a range of communications equipment and software aimed at enabling first responders, government agencies and enterprises to coordinate and operate reliably in high-pressure environments. Its offerings emphasize secure, resilient connectivity and situational awareness for organizations that require dependable voice, data and video communications.

Product lines include land mobile radio (LMR) systems and handheld and vehicle-mounted radios used by police, fire and emergency medical services; broadband push-to-talk and LTE-based solutions; command-and-control center software for incident management and records; and video security and analytics systems.